We are pleased to advise members that at a meeting of the Cabinet Subgroup on Insurance Reform yesterday a decision has been taken that the proposed 17% increase in personal injury awards will not go ahead. The increase would have led to a significant rise in member’s premiums as insurers would have passed the cost on directly and would have done so at a time when the cost of living and the cost of doing business are already very challenging.
This was a grassroots effort by our members who sent an avalanche of messages to the highest levels of government in recent weeks, urging them to pull back.
We want to thank each of you for engaging so actively and constructively in the Alliance’s campaign. Our collective size, variety of membership and unity of purpose ensured our message was heard, and more importantly, listened to.
